King G wrote:the latest SIB recommendation is a hold or buy, anybody in the know?
Sib revised KK fair value downwards (-1.3%) to KES 17/- in March. The share was trading at c11/- at the time so the upside potential was >50% and therefore they stamped a buy recommendation. A profit warning was issued in June but they have shyed from attaching updated fair value to KK.
Dyer and Blair in April gave KK a fair value of 15.80.
Disturbing thing is that NAV of KK remains far below 10 bob however much one trys to estimate upwards the current value of the Property, plant and equipment.